Get Out of Debt Guy - Steve Rhode » retirementhttps://getoutofdebt.org Learn how to really get out of debtTue, 03 Mar 2015 18:30:10 +0000en-UShourly1http://wordpress.org/?v=498All Retirement Fears Boil Down to the Same Thing – Not Enough Moneyhttps://getoutofdebt.org/86297/all-retirement-fears-boil-down-to-the-same-thing-not-enough-money https://getoutofdebt.org/86297/all-retirement-fears-boil-down-to-the-same-thing-not-enough-money#commentsTue, 03 Mar 2015 17:00:46 +0000http://getoutofdebt.org/?p=86297A recent retirement poll cited too much debt as number four on its list of US fears and that even affluent populations are afraid of running out of money. Fort Lauderdale, FL (PRWEB) March 03, 2015 A recent poll from Bankrate.com focuses on Americans’retirement fears about medical bills and that affluent populations are afraid of ...

]]>https://getoutofdebt.org/86297/all-retirement-fears-boil-down-to-the-same-thing-not-enough-money/feed0Making Sure Loved Ones Are Prepared for Their Retirement Yearshttps://getoutofdebt.org/86000/making-sure-loved-ones-are-prepared-for-their-retirement-years https://getoutofdebt.org/86000/making-sure-loved-ones-are-prepared-for-their-retirement-years#commentsWed, 25 Feb 2015 21:17:45 +0000http://getoutofdebt.org/?p=86000If a senior relative faces a sudden, debilitating illness or starts losing control of everyday finances, would you know where his or her retirement, estate and long-term care issues stand? If the answer is no, you’re not alone. In many families, it takes a crisis — a prolonged hospital stay or problems at home with ...

]]>https://getoutofdebt.org/86000/making-sure-loved-ones-are-prepared-for-their-retirement-years/feed0My Life is Hopeless. I Can’t Pay My Bills. What Can I Do?https://getoutofdebt.org/85946/my-life-is-hopeless-i-cant-pay-my-bills-what-can-i-do https://getoutofdebt.org/85946/my-life-is-hopeless-i-cant-pay-my-bills-what-can-i-do#commentsTue, 24 Feb 2015 20:55:36 +0000http://getoutofdebt.org/?p=85946Question: I Can’t Pay My Bills. What Can I Do? Dear Steve, I’m so completely freaked out about my bills. I’m now so in debt and worried about it I can’t sleep, I’m depressed, and all my wife and I do is fight about money. I’m constantly telling my kids they can’t participate in any ...

]]>https://getoutofdebt.org/85946/my-life-is-hopeless-i-cant-pay-my-bills-what-can-i-do/feed0How Much Money Do You Need to Have?https://getoutofdebt.org/85797/much-money-need https://getoutofdebt.org/85797/much-money-need#commentsMon, 23 Feb 2015 20:00:19 +0000http://getoutofdebt.org/?p=85797We would all like to have enough money to do the important things: live life, retire comfortably, educate our children, and so on. More importantly, how do you make sure that you have enough to reach these various goals? Careful planning is essential, but you need to start from the bottom and work your way ...

]]>https://getoutofdebt.org/85797/much-money-need/feed0How One Couple Merged Their Money Over 17 Yearshttps://getoutofdebt.org/85863/how-one-couple-merged-their-money-over-17-years https://getoutofdebt.org/85863/how-one-couple-merged-their-money-over-17-years#commentsMon, 23 Feb 2015 17:46:35 +0000http://getoutofdebt.org/?p=85863Bill and Eleanor Seavey started their marriage 17 years ago with a prenup. Neither can remember exactly when the agreement sunsetted, but clearly it has. They run a bed and breakfast together in Cambria, Calif., and it doesn’t make sense to them to have an account a spouse can’t access. “She has access to my money, and ...

]]>https://getoutofdebt.org/85863/how-one-couple-merged-their-money-over-17-years/feed0Baby Boomers and the Dilemma of Facing Retirementhttps://getoutofdebt.org/85737/baby-boomers-dilemma-facing-retirement https://getoutofdebt.org/85737/baby-boomers-dilemma-facing-retirement#commentsThu, 19 Feb 2015 22:45:37 +0000http://getoutofdebt.org/?p=85737In 2006, the group of Americans known as baby boomers (1946-1964) turned 60 years old. Now almost a decade later, a number of them are either heading toward or have entered the retirement phase of their lives. The fact is that this is a transition that is not always as serene as many boomers envision ...

]]>https://getoutofdebt.org/85737/baby-boomers-dilemma-facing-retirement/feed0Reduce Your Spending and Save More. Now.https://getoutofdebt.org/85559/reduce-spending-save-now https://getoutofdebt.org/85559/reduce-spending-save-now#commentsSat, 14 Feb 2015 10:19:49 +0000http://getoutofdebt.org/?p=85559Here’s some good news. Fidelity Investments recently reported that the number of 401(k) millionaires on their books has doubled over the past two years. Specifically, they went from 34,920 accounts with million-dollar balances to, as of the end of 2014, 72,379 accounts with seven-figure balances. That’s wonderful for those folks. The bad news is that ...

]]>https://getoutofdebt.org/85559/reduce-spending-save-now/feed0The Most Frightening Personal Finance Data You Will Ever Readhttps://getoutofdebt.org/85479/frightening-personal-finance-data-will-ever-read https://getoutofdebt.org/85479/frightening-personal-finance-data-will-ever-read#commentsMon, 09 Feb 2015 19:14:51 +0000http://getoutofdebt.org/?p=85479Forget about worry if a credit card or debit card is right for you. Or even if you should buy or lease your next car. Figures about people headed for retirement have my heart pounding in my chest. It’s the most frightening information you will read and hopefully it will help some people to get ...

]]>https://getoutofdebt.org/85479/frightening-personal-finance-data-will-ever-read/feed3I’m Retiring with Credit Card Debt I Cannot Afford. – Terrihttps://getoutofdebt.org/63071/im-retiring-credit-card-debt-afford-terri https://getoutofdebt.org/63071/im-retiring-credit-card-debt-afford-terri#commentsMon, 10 Nov 2014 21:40:58 +0000http://getoutofdebt.org/?p=63071“Dear Michael, I will retiring in 2015 and I only owe American express and I can’t pay them since my only source is social security and will be moving to Mexico. I understand they can’t get my social security. Do I still need to file with the courts on this debt? Terri” Dear Terri, Whether ...

]]>https://getoutofdebt.org/63071/im-retiring-credit-card-debt-afford-terri/feed0The Saddest Avoidable Mistake People Make When Getting Out of Debthttps://getoutofdebt.org/52438/the-saddest-mistake-people-make-when-getting-out-of-debt https://getoutofdebt.org/52438/the-saddest-mistake-people-make-when-getting-out-of-debt#commentsThu, 30 May 2013 13:05:13 +0000http://getoutofdebt.org/?p=52438It is painful for me to watch people make the same ignorant and stupid mistake time and time again when getting out of debt. And what is the number on mistake that screws up their financial future in an effort to repair their financial past? Keep reading to find out. People make all sorts of ...

]]>https://getoutofdebt.org/52438/the-saddest-mistake-people-make-when-getting-out-of-debt/feed13My Store Lost Money and Left Me With Debt. I’m Retiring. – Davehttps://getoutofdebt.org/51801/my-store-lost-money-and-left-me-with-debt-im-retiring-dave https://getoutofdebt.org/51801/my-store-lost-money-and-left-me-with-debt-im-retiring-dave#commentsWed, 24 Apr 2013 20:41:05 +0000http://getoutofdebt.org/?p=51801“Dear Steve, Lost 1165.00 income from sale of store and I was the bank…total 54,000.00 I am retired and have 1500.00 SS and 500.00 company retirement. Problem is I ran up credit card dept trying to keep the store going and have paid off all bank loans except I have around 30,000.00 credit card debt. ...

]]>https://getoutofdebt.org/51801/my-store-lost-money-and-left-me-with-debt-im-retiring-dave/feed0Should I Keep Investing in My IRA or Pay Off My Home?https://getoutofdebt.org/51604/should-i-keep-investing-in-my-ira-or-pay-off-my-home https://getoutofdebt.org/51604/should-i-keep-investing-in-my-ira-or-pay-off-my-home#commentsTue, 16 Apr 2013 18:12:47 +0000http://getoutofdebt.org/?p=51604“Dear Steve, Bought a home a year ago after finishing paying off students loans (am currently 27). I started contributing to a Roth about 6 months before I purchased the home and am now wondering if I should continue to max out the Roth or pay off the house faster? M” The Answer Dear M, ...

]]>https://getoutofdebt.org/51604/should-i-keep-investing-in-my-ira-or-pay-off-my-home/feed0What Repaying Your Debt Will Cost You in Retirement – Calculatorhttps://getoutofdebt.org/51244/debt-repayment-calculator-retirement https://getoutofdebt.org/51244/debt-repayment-calculator-retirement#commentsMon, 01 Apr 2013 16:24:02 +0000http://getoutofdebt.org/?p=51244This calculator demonstrates the future retirement financial loss you may experience when electing to repay your debt with an extended repayment program offered by creditors, credit counseling or debt settlement, rather than intervene on your debt with solutions like bankruptcy which terminate the debt quickly and allow you to resume saving again for retirement. Calculate ...

]]>https://getoutofdebt.org/51244/debt-repayment-calculator-retirement/feed0Debt Snowball is Reducing Our Debt But What Next? – Dorishttps://getoutofdebt.org/48580/debt-snowball-is-reducing-our-debt-but-what-next-doris https://getoutofdebt.org/48580/debt-snowball-is-reducing-our-debt-but-what-next-doris#commentsSun, 20 Jan 2013 18:29:45 +0000https://getoutofdebt.org:443/?p=48580“Dear Steve, We owe 172,000.00 on our house and live in CA. We are in our late 4o’s with a net worth of 200,000.00 not including my pension. We both have another 20 or so years to retire. My husband is self employed as a painter therefore we have to put away extra retirement for ...

]]>https://getoutofdebt.org/48580/debt-snowball-is-reducing-our-debt-but-what-next-doris/feed0We Are in Financial Overload but Getting Ready to Retire. – Tomasitahttps://getoutofdebt.org/47526/we-are-in-financial-overload-but-getting-ready-to-retire-tomasita https://getoutofdebt.org/47526/we-are-in-financial-overload-but-getting-ready-to-retire-tomasita#commentsMon, 12 Nov 2012 16:05:04 +0000http://getoutofdebt.org/?p=47526“Dear Steve, My husband and I are having financial overload. we would like to get rid of debts as soon as possible he es the only one woks and we are close to retire. What do you recomend us to do what ever is better for us. Tomasita” The Answer Dear Tomasita, Without knowing more ...

]]>https://getoutofdebt.org/47526/we-are-in-financial-overload-but-getting-ready-to-retire-tomasita/feed0American’s Freaking Out About Having Enough Money to Retirehttps://getoutofdebt.org/47112/americans-freaking-out-about-having-enough-money-to-retire https://getoutofdebt.org/47112/americans-freaking-out-about-having-enough-money-to-retire#commentsMon, 22 Oct 2012 20:53:46 +0000http://getoutofdebt.org/?p=47112A Pew Research study just out paints a disturbing picture of what lies ahead for many in retirement. Let me summarize the results of the report for you, half of people better start enjoying dog food. According to the survey results, about four-in-ten (38%) adults says they not confident they will have enough income in ...

]]>https://getoutofdebt.org/47112/americans-freaking-out-about-having-enough-money-to-retire/feed0Should I Drain My 401K So I Can Pay Off Debt And Retire? – Cathyhttps://getoutofdebt.org/44315/should-i-drain-my-401k-so-i-can-pay-off-debt-and-retire-cathy https://getoutofdebt.org/44315/should-i-drain-my-401k-so-i-can-pay-off-debt-and-retire-cathy#commentsTue, 03 Jul 2012 18:59:20 +0000http://getoutofdebt.org/?p=44315“Dear Steve, I am 65 yrs old, still working and my husband 71, retired. Our income is $51k (me), and my husband’s SS benefit of $10k. I used to have $250k Line of Credit/ c card debt. We’ve been diligently tried our best to pay and now the it’s down to $140k of Line Of ...

]]>https://getoutofdebt.org/44315/should-i-drain-my-401k-so-i-can-pay-off-debt-and-retire-cathy/feed2Will Baby Boomers Have Enough to Retire?https://getoutofdebt.org/34863/will-baby-boomers-have-enough-to-retire https://getoutofdebt.org/34863/will-baby-boomers-have-enough-to-retire#commentsFri, 02 Mar 2012 15:49:28 +0000http://getoutofdebt.org/?p=34863It’s no secret that the housing bubble and recession of the last four years has caused financial heartache for many of us. One group that has been especially hard hit is the baby boomer generation. For years boomers have believed that they would retire in their mid-sixties and enjoy their golden years playing golf and ...

]]>https://getoutofdebt.org/34863/will-baby-boomers-have-enough-to-retire/feed0Chances Are You WIll Live Long Enough to Be Brokehttps://getoutofdebt.org/34135/chances-are-you-will-live-long-enough-to-be-broke https://getoutofdebt.org/34135/chances-are-you-will-live-long-enough-to-be-broke#commentsSun, 29 Jan 2012 17:51:45 +0000http://getoutofdebt.org/?p=34135Photo Credit: Rosie O’Beirne I just read that the life expectancy for people in the United States and Canada continues to rise. Seems like a real blessing, doesn’t it. We get to live a longer life. But how are we going to afford medical care and to feed ourselves if life far exceeds our ability ...

]]>https://getoutofdebt.org/34135/chances-are-you-will-live-long-enough-to-be-broke/feed5More People Preparing to Eat Dog Food in Retirementhttps://getoutofdebt.org/33858/more-people-preparing-to-eat-dog-food-in-retirement https://getoutofdebt.org/33858/more-people-preparing-to-eat-dog-food-in-retirement#commentsTue, 17 Jan 2012 22:22:28 +0000http://getoutofdebt.org/?p=33858To make it through tough times more Americans have borrowed, stolen or raided their small retirement funds to make ends meet. Loans from retirement funds jumped 20 percent last year. This really can’t be a big surprise to many. Faced with difficult financial decisions people will tend to gravitate towards the oath that seems easiest ...

]]>https://getoutofdebt.org/33858/more-people-preparing-to-eat-dog-food-in-retirement/feed1Planning to Buy Foreclosed Nevada Home for Retirement. – Danelhttps://getoutofdebt.org/33129/planning-to-buy-foreclosed-nevada-home-for-retirement-danel https://getoutofdebt.org/33129/planning-to-buy-foreclosed-nevada-home-for-retirement-danel#commentsSat, 24 Dec 2011 21:51:18 +0000http://getoutofdebt.org/?p=33129Husband is retiring next year. Plan to buy a foreclosed house in Nevada for retirement. My husband got meager amount of money saved at Tiaacref. He wanted to take out $80,000 from that retirement fund, give daughter $30,000 to buy her own house and use $50,000 to put down or buy a foreclosed house in ...

]]>https://getoutofdebt.org/33129/planning-to-buy-foreclosed-nevada-home-for-retirement-danel/feed0All Aboard The Fraud Express! $1 Billion Ticket To Ride!https://getoutofdebt.org/31861/all-aboard-the-fraud-express-1-billion-ticket-to-ride https://getoutofdebt.org/31861/all-aboard-the-fraud-express-1-billion-ticket-to-ride#commentsFri, 28 Oct 2011 20:50:00 +0000http://getoutofdebt.org/?p=31861There’s not many fraud stories that cross my desk now that make me drop my jaw. I mean, really, a scam is a scam is a scam. But this doozy, oh this one has me sitting here looking like the kid from the Home Alone movies: hands flat on the sides of my face, jaw ...

]]>https://getoutofdebt.org/31861/all-aboard-the-fraud-express-1-billion-ticket-to-ride/feed1Chapter 7 – The Attributes of Internal Prosperity in Actionhttps://getoutofdebt.org/30982/chapter-7-the-attributes-of-internal-prosperity-in-action https://getoutofdebt.org/30982/chapter-7-the-attributes-of-internal-prosperity-in-action#commentsMon, 19 Sep 2011 13:02:39 +0000http://getoutofdebt.org/?p=30982Chapter 7 – The Attributes of Internal Prosperity in Action Brian and Nancy had lived a fabulous life full of everything everyone wants. They had beautiful friends, sensational parties, the right guest list, the right address and fabulous cars. And all throughout their marriage, life had been…great. Brian had spent many years working closely with ...

]]>https://getoutofdebt.org/30982/chapter-7-the-attributes-of-internal-prosperity-in-action/feed0Should I Draw On My Retirement Before or After I File Bankruptcy? – Ryanhttps://getoutofdebt.org/29758/should-i-draw-on-my-retirement-before-or-after-i-file-bankruptcy-ryan https://getoutofdebt.org/29758/should-i-draw-on-my-retirement-before-or-after-i-file-bankruptcy-ryan#commentsTue, 23 Aug 2011 21:41:26 +0000http://getoutofdebt.org/?p=29758“Dear Lewis, Recently divorced, left financially and emotionally wiped out, decided to resign and take a year off for travel and healing. Currently have 40K in unsecured debt and about 7K in savings. Was planning on drawing on my retirement (about 50k) of it, to finance the upcoming year. Question is, can I file for ...

]]>https://getoutofdebt.org/29758/should-i-draw-on-my-retirement-before-or-after-i-file-bankruptcy-ryan/feed0I’m 69 And Lost My Job But I Want to Pay My Debts. – Chuckhttps://getoutofdebt.org/7724/im-69-and-lost-my-job-but-i-want-to-pay-my-debts-chuck https://getoutofdebt.org/7724/im-69-and-lost-my-job-but-i-want-to-pay-my-debts-chuck#commentsTue, 26 Jul 2011 07:00:06 +0000http://getoutofdebt.org/?p=7724Chuck “Dear Steve, I am 69. lost my job of 15 years 6 months ago. Am on SS and work odd jobs when I can. Have 56,000 credit card debt, Was ok while working but now am 6 months behind on large accounts, have been struggling to keep others current. I called credit repayment plan ...

]]>https://getoutofdebt.org/7724/im-69-and-lost-my-job-but-i-want-to-pay-my-debts-chuck/feed0Can the Creditors Force My Mother to Sell Her House? – Leigh Annehttps://getoutofdebt.org/28133/can-the-creditors-force-my-mother-to-sell-her-house-leigh-anne https://getoutofdebt.org/28133/can-the-creditors-force-my-mother-to-sell-her-house-leigh-anne#commentsFri, 27 May 2011 19:43:03 +0000http://getoutofdebt.org/?p=28133My step-father recently died and my mother is living on disability and now only a small portion of his social security and retirement. He only has 41K left in retirement. The company he worked for went bankrupt. She has no other income. They have a house payment which she can still make. She can afford ...

]]>https://getoutofdebt.org/28133/can-the-creditors-force-my-mother-to-sell-her-house-leigh-anne/feed0Should We Cash Out the 401k to Pay Off the Mortgage? – Lorriellhttps://getoutofdebt.org/5585/should-we-cash-out-the-401k-to-pay-off-the-mortgage-lorriell https://getoutofdebt.org/5585/should-we-cash-out-the-401k-to-pay-off-the-mortgage-lorriell#commentsFri, 02 Jul 2010 17:47:25 +0000http://getoutofdebt.org/?p=5585Lorriell “Dear Steve, My husband and I are Mid-30’s and have been married and investing heavily for 16 years. We are watching our investments plunge. We owe $126K of $194K mortgage. No other debt. We are locked in at 4.75% refi. but wondering if cashing in one of 401K would be better. Wondering about the ...

]]>https://getoutofdebt.org/5585/should-we-cash-out-the-401k-to-pay-off-the-mortgage-lorriell/feed5Marriage and Money: How to Talk to Your New Spouse About Financeshttps://getoutofdebt.org/19527/marriage-and-money-how-to-talk-to-your-new-spouse-about-finances https://getoutofdebt.org/19527/marriage-and-money-how-to-talk-to-your-new-spouse-about-finances#commentsThu, 03 Jun 2010 02:43:40 +0000http://getoutofdebt.org/?p=19527So you’re engaged. Or thinking about it. If you’re really serious about spending the rest of your life with another person, it’s time to get some of the tougher issues out in the open. Somewhere near the top of your list should be MONEY. Conflicts about money issues can stop a relationship before it has ...

]]>https://getoutofdebt.org/19527/marriage-and-money-how-to-talk-to-your-new-spouse-about-finances/feed1Maria Writes In “How About Staying In The Stock Market?”https://getoutofdebt.org/1282/maria-writes-in-how-about-staying-in-the-stock-market https://getoutofdebt.org/1282/maria-writes-in-how-about-staying-in-the-stock-market#commentsMon, 17 May 2010 14:14:20 +0000http://getoutofdebt.org/?p=1282Maria “Dear Steve, This is not a debt question – it’s about staying in the stock market with all the current turmoil? Will you still answer it? Maria” Maria, So much of what happens in the stock market is not based on logic or research, but innuendo, gossip and emotion. Just because the stock market ...

]]>https://getoutofdebt.org/1282/maria-writes-in-how-about-staying-in-the-stock-market/feed0My Husband and I Are Just Barely Making the Minimum Payments. – Janethttps://getoutofdebt.org/5849/my-husband-and-i-are-just-barely-making-the-minimum-payments-janet https://getoutofdebt.org/5849/my-husband-and-i-are-just-barely-making-the-minimum-payments-janet#commentsFri, 30 Apr 2010 13:34:08 +0000http://getoutofdebt.org/?p=5849“Dear Steve, My husband and I have about $40,000 in credit card debt. We are just barely making the min. payments. Right now the interest averages about 7.99%. Part of this 40,000 is due to purchasing a used truck in December and charging the 12,000. on a card at 5.99% until Oct 2009. In addition ...